A Holistic Approach Based on MCDM for Solving Location Problems


1 Industrial Engineering, University of Tehran

2 Industrial Engineering, Iran University of Science & Technology

3 Industrial Engineering, Iran University of Science and Technology (IUST)

4 Mechanical Engineering, Ecole Polytechnique Fédérale De Lausanne


Location decision is an integral part of organizational strategies involving many factorsthat may be conflicting in nature. This paper presents a holistic approach of the multi-criteria decisionmaking (MCDM) methodology to select the optimal location(s), which fits best for both investors andmanagers. A case study is also provided to illustrate the application of the proposed holistic approach.Finally, a comparison with the previous work is made and the informational efficacy of the proposedmodel is also discussed.